Degussa gives boost to EU research

By Kirsty Barnes

- Last updated on GMT

Related tags: Board of directors, Science, Degussa

Degussa is offering new award for scientific innovation within
Europe - one of the highest-endowed research awards in the world -
with prize money of €100,000.

Scientists working at research facilities in Europe may apply for the "Degussa European Science-to-Business Award". The age limit is 35 years and the work submitted should have been completed in the past two years and be interdisciplinary in nature.

The prize, designed to link outstanding scientific achievement with entrepreneurial spirit, will be awarded in summer 2006 and the official invitation for submissions was announced last week in Brussels.

The new European award is being offered by >Degussa​, together with INSEAD, the European business school, and the German business newspaper, Handelsblatt. The patron is Janez Potoènik, EU Commissioner for Science and Research.

"European universities and research institutes are continuing to achieve outstanding scientific accomplishments. Yet these achievements are not being adequately converted into economically successful products. And this is where our new Science-to-Business Award comes in,"​ said Prof. Utz-Hellmuth Felcht, Degussa management board chairman.

"Our intention is that this award will help create a favourable climate in Europe for innovation. We also want it to encourage young scientists to show entrepreneurial spirit,"​ said Dr. Alfred Oberholz, the Degussa Management Board Member responsible for research and development.

The theme for the 2006 prize is material sciences and related technologies. In addition to the prize money, the winner will also receive management coaching from INSEAD.

Related topics: Markets & Regulations

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